US energy stocks gain as oil jumps on doubts over Iran peace talks

Coterra Energy

16/04/2026 15:27

** S&P 500 energy index .SPNY up 1.3%, tracking higher crude prices O/R

** Brent crude futures LCOc1 up 2.8% at $97.59/barrel; U.S. West Texas Intermediate crude CLc1 gains 2.1% to $93.23/barrel

** Crude prices gain reversing earlier declines as the market questioned whether peace talks between the U.S. and Iran would achieve a deal to end the war that has disrupted energy supplies from the Middle East

** Energy majors: Exxon Mobil XOM.N and Chevron CVX.N gains 1.7% and 1.4% respectively

** Valero Energy VLO.N, Marathon Petroleum MPC.N, ConocoPhillips COP.N and EOG Resources EOG.N rise between 1.8% and 2.9%; among the top percentage gainers on the energy index

** Oil and gas producers: APA Corp APA.O up 1.6%, Occidental Petroleum OXY.N gains 1.2% andd Coterra Energy CTRA.N rises 1.3%

** Refiner Phillips 66 PSX.N up 1.6%

 (Reporting by Sumit Saha in Bengaluru)

 ((Sumit.Saha@thomsonreuters.com;))